What salary increment can you expect in Singapore in 2010?
Submitted by Amit Puri - Managing Consultant, Sandbox Advisors on December 22, 2009 – No Comment
Mercer Singapore (an HR Consultancy) conducted a salary survey in October, covering 262 companies in 11 industries.
According to the survey, on average you can expect a 3.2% salary increase in 2010. Pharmaceutical companies are expected to give out the highest increments at 4.1%. In comparison, banking and finance employees will only get 3.1% increment.
Here is a breakdown of the salary increment figures for some industries:
- Pharmaceutical: 4.1%
- High-tech: 3.3%
- Aerospace: 3.2%
- Consumer goods: 3.1%
- Banking and finance: 3.1%
- Chemical: 2.9%
- Property: 2.6%
Sources and references: Sandbox Advisors, Mercer Singapore - Salary Survey
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